akippa opened at ¥1,244, compared with an offer price of ¥570, making the opening price approximately 2.18 times the offer price. A total of 2,542,700 shares were offered, and trading commenced.
In akippa's IPO, the company that operates a parking marketplace, the offer price was ¥570 and the opening price was ¥1,244, equivalent to approximately 2.18 times the offer price. The number of shares offered was 2,542,700.
The company is developing its business with a view to growth in a niche market, and the offering was expected to raise approximately ¥1.4 billion from the market.
The shares began trading above the offer price, establishing the opening price.